Common use of AMT Credits Clause in Contracts

AMT Credits. In the event that ASIC leaves the LNC Consolidated Group, the amount of AMT credit which it shall be allowed to carry over without any obligation to reimburse ASFC shall not exceed the amount allocated pursuant to Section I.B.3, above. ASFC shall be reimbursed by ASIC to the extent that any AMT credit actually carried over exceeds the amounts calculated in Section I.B.3., at the time of the deconsolidation. Also, ASIC shall be reimbursed by ASFC to the extent that it is permitted to carry over less than the amount calculated in Section I.B.3.

Appears in 1 contract

Samples: Sharing Agreement (American States Financial Corp)

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AMT Credits. In the event that ASIC ASL leaves the LNC Consolidated Group, the amount of AMT credit which it shall be allowed to carry over without any obligation to reimburse ASFC ASIC shall not exceed the amount allocated pursuant to Section I.B.3, above. ASFC ASIC shall be reimbursed by ASIC ASL to the extent that any AMT credit actually carried over exceeds the amounts calculated in Section I.B.3., at the time of the deconsolidation. Also, ASIC ASL shall be reimbursed by ASFC ASIC to the extent that it is permitted to carry over less than the amount calculated in Section I.B.3.

Appears in 1 contract

Samples: Sharing Agreement (American States Financial Corp)

AMT Credits. In the event that ASIC ASLI leaves the LNC Consolidated Group, the amount of AMT credit which it shall be allowed to carry over without any obligation to reimburse ASFC ASIC shall not exceed the amount allocated pursuant to Section I.B.3, above. ASFC ASIC shall be reimbursed by ASIC ASLI to the extent that any AMT credit actually carried over exceeds the amounts calculated in Section I.B.3., at the time of the deconsolidation. Also, ASIC ASLI shall be reimbursed by ASFC ASIC to the extent that it is permitted to carry over less than the amount calculated in Section I.B.3.

Appears in 1 contract

Samples: Tax Sharing Agreement (American States Financial Corp)

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AMT Credits. In the event that ASIC ASP leaves the LNC Consolidated Group, the amount of AMT credit which it shall be allowed to carry over without any obligation to reimburse ASFC ASIC shall not exceed the amount allocated pursuant to Section I.B.3, above. ASFC ASIC shall be reimbursed by ASIC ASP to the extent that any AMT credit actually carried over exceeds the amounts calculated in Section I.B.3., at the time of the deconsolidation. Also, ASIC ASP shall be reimbursed by ASFC ASIC to the extent that it is permitted to carry over less than the amount calculated in Section I.B.3.

Appears in 1 contract

Samples: Sharing Agreement (American States Financial Corp)

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